Cloud-Based Data Management Services Market by Service Type, Service Model, Deployment Mode, Vertical

Description

List of Tables

[185 Pages Report] The Cloud-Based Data Management Services Market size was estimated at USD 54.08 billion in 2023 and expected to reach USD 67.82 billion in 2024, at a CAGR 25.94% to reach USD 271.81 billion by 2030.

Cloud-based data management services (CBDMS) refer to a suite of services provided over the Internet that allows organizations to manage, store, and process their data in cloud environments. These services deliver scalable and flexible data storage solutions, ensuring data availability, integrity, and security across multiple distributed resources. These services typically encompass data warehouses, databases, analytics, and data integration tools, and they deliver them as managed services, which can be accessed on-demand and scaled according to organizational needs. The growth of this market is largely fueled by technological advancements that enhance computational and data security capabilities, while concerns about cyber threats bolster the demand for more secure solutions. The explosive increase in global data generation and stricter regulatory landscapes have also been critical in driving adoption. Challenges such as data security, compliance complexities, technical migration difficulties, and network performance issues pose significant growth impediments for the global cloud-based data management services market. However, current opportunities for market expansion revolve around AI and ML integration and utilization of hybrid and multi-cloud strategies, which collectively contribute to creating expansive data volumes needing robust management, thus propelling the future demand for the cloud-based data management services market.

KEY MARKET STATISTICS
Base Year [2023]	USD 54.08 billion
Estimated Year [2024]	USD 67.82 billion
Forecast Year [2030]	USD 271.81 billion
CAGR (%)	25.94%

Service Type: Growing adoption for integration services to streamline business data flow across various platform

Data security and backup services are essential components of cloud-based data management, where data breaches and loss can hamper businesses. These services ensure data security from unauthorized access and cyber threats. Integration services are designed to ensure seamless connectivity and interoperability between various cloud services and legacy systems. These services simplify complex processes and enable central management of disparate data sources, essential for real-time data analysis and decision-making. Quality-as-a-Service (QaaS) is emerging as a strategic approach in cloud data management. It encompasses a range of services aimed at ensuring data quality, accuracy, and consistency, which is done through validation, cleansing, de-duplication, and other means to maintain data integrity throughout its lifecycle.

Service Model: Rising preferences for IaaS offering higher flexibility and management control over IT resources

Infrastructure-as-a-Service (IaaS) provides virtualized computing resources over the Internet, allowing for automated deployment of servers, processing power, storage, and networking. IaaS clients are typically businesses that want to avoid the cost and complexity of purchasing and managing their physical servers and other data center infrastructure. Platform-as-a-Service (PaaS) offers a cloud platform and a suite of tools to developers that they can use to build and deploy applications. This service is beneficial for developers who want to build software without dealing with servers, storage, and networking issues. Software-as-a-Service (SaaS) provides software over the Internet on a subscription basis. It is also known as on-demand software, hosted software, or web-based software. SaaS apps are used by a range of IT professionals, business users, and consumer users. This software distribution model eliminates the need for IT staff to download and install applications on each individual computer.

Deployment Mode: Growing deployment of private clouds offering a higher degree of control and security

A private cloud refers to a cloud computing platform implemented within the corporate firewall under the control of the IT department. A private cloud is designed to offer the same features and benefits as public cloud systems but removes several objections to the cloud computing model, including control over enterprise and customer data, concerns about security, and issues connected to regulatory compliance. Organizations with high regulatory compliance needs, stringent security requirements, and sensitivity to data location generally prefer private cloud solutions. The public cloud is a cloud computing model where the service provider makes resources, such as virtual machines (VMs), applications, or storage, available to the general public over the Internet. Public cloud is often chosen for its scalability, cost-effectiveness, and ease of use. It is particularly well suited for small to medium-sized enterprises or startups that require a different level of control and security than a private cloud.

Vertical: Growing adoption of cloud-based data management services in BFSI and government entities to prioritize security and compliance

The banking, financial services and insurance (BFSI) sector has seen an increased adoption of cloud-based data management services to enhance customer experience, improve security measures, and meet regulatory compliances. They prioritize services that offer robust security, compliance adherence, and real-time data processing. Educational institutions focus on cloud services that support collaborative learning, virtual classrooms, and vast data storage for research purposes. They require cost-effective and scalable solutions that provide flexibility to accommodate various learning management systems. The energy and utilities sector utilizes cloud-based data management services for managing smart grid data, predictive maintenance, and enhancing energy efficiency. Government agencies aim to use cloud-based data management services to streamline operations, manage civic data, and improve public services, where security and data sovereignty are top priorities. Healthcare organizations seek HIPAA-compliant cloud services for research for electronic medical records (EMR), telemedicine, and big data analytics, requiring high confidentiality and service availability. Firms in the IT and telecom sectors need cloud-based data management services for vast storage needs, network virtualization, and customer data analytics. The manufacturing sector relies on cloud-based data management services for supply chain optimization, predictive maintenance, and improving production cycles. The media and entertainment industry leverages cloud-based data management for content creation, distribution, and storage. The need is for high-bandwidth and content delivery networks (CDNs) suitable for streaming services in this sector.

Regional Insights

The cloud-based data management services market in the Americas is showing significant growth, driven by the widespread adoption of cloud technology across various industries. Major players in the United States and Canada are expanding their services to cater to the increasing demand for scalable and flexible data management solutions. The regional market also benefits from well-established infrastructure, advanced technological integration, and the presence of tech-savvy enterprises that are keen to adopt innovations. Additionally, government initiatives to support the digitization of services are providing an impetus for further market growth in the region. The EMEA region presents a diverse market landscape for cloud-based data management services, with Europe contributing majorly in terms of adoption rates. This growth is characterized by stringent data protection regulations, including General Data Protection Regulation (GDPR), which drive the need for compliant cloud solutions that are secure and reliable. The Middle East and Africa are presenting considerable growth potential, with the ongoing digital transformation initiatives and investments in IT infrastructure in major economies. The APAC region is witnessing the fastest growth in the cloud-based data management services market, attributed to the increasing acceptance of cloud technologies, the expanding eCommerce sector, and the rise of small and medium-sized enterprises (SMEs) engaged in cloud adoption. Additionally, government policies in the region favor innovation, digital transformation, and cloud computing, catalyzing market expansion.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Cloud-Based Data Management Services Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Cloud-Based Data Management Services Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Cloud-Based Data Management Services Market, highlighting leading vendors and their innovative profiles. These include Accenture PLC, Alibaba Cloud International by Alibaba Group Holding Limited, Amazon Web Services, Inc., Capgemini SE, Cisco Systems, Inc., Cloudera, Inc., Cloudian Inc., Cloudreach Holdings Limited by Eviden SAS, Cloudticity, L.L.C., Cognizant Technology Solutions Corporation, Cohesity, Inc., Commvault Systems, Inc., Dell Technologies Inc., DXC Technology Company, Experian PLC, Fujitsu Limited, Google LLC by Alphabet Inc., HashiCorp, Inc., HCL Technologies Limited, Hewlett Packard Enterprise Company, Huawei Technologies Co., Ltd., Informatica Inc., Infosys Limited, International Business Machines Corporation, Kyndryl Holdings, Inc., Linode LLC by Akamai Technologies, Inc., Microsoft Corporation, NetApp, Inc., NTT Corporation, Oracle Corporation, OVH Groupe S.A., QlikTech International AB, Salesforce, Inc., SAP SE, SAS Institute Inc., ServiceNow, Inc., Snowflake Inc., Tata Consultancy Services Limited, Tencent Cloud by Tencent Holdings Limited, Teradata Corporation, Tibco by Cloud Software Group, Inc., Veritis Group, Inc., Wipro Limited, and XPansion Financial Technology Services Limited.

Market Segmentation & Coverage

This research report categorizes the Cloud-Based Data Management Services Market to forecast the revenues and analyze trends in each of the following sub-markets:

Service Type
- Data Security & Back-up Services
- Integration Services
- Quality-as-a-Service

Service Model
- Infrastructure-as-a-Service
- Platform-as-a-Service
- Software-as-a-Service

Deployment Mode
- Private Cloud
- Public Cloud

Vertical
- BFSI
- Education
- Energy & Utilities
- Government & Public Sector
- Healthcare & Life Sciences
- IT & Telecom
- Manufacturing
- Media & Entertainment

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Cloud-Based Data Management Services Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Cloud-Based Data Management Services Market?

3. What are the technology trends and regulatory frameworks in the Cloud-Based Data Management Services Market?

4. What is the market share of the leading vendors in the Cloud-Based Data Management Services Market?

5. Which modes and strategic moves are suitable for entering the Cloud-Based Data Management Services Market?

Product Code: MRR-961BA04A2DDB

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increased demand for scalability and flexibility across businesses
  - 5.1.1.2. Government initiatives supporting industrial digitization worldwide
- 5.1.2. Restraints
  - 5.1.2.1. High cost associated with cloud-based data management services
- 5.1.3. Opportunities
  - 5.1.3.1. Continuous improvements in cloud-based data management services and integration of new technologies
  - 5.1.3.2. Adoption of cloud-based data management services by SMEs
- 5.1.4. Challenges
  - 5.1.4.1. Concerns associated with data privacy and security
5.2. Market Segmentation Analysis
- 5.2.1. Service Type: Growing adoption for integration services to streamline business data flow across various platform
- 5.2.2. Service Model: Rising preferences for IaaS offering higher flexibility and management control over IT resources
- 5.2.3. Deployment Mode: Growing deployment of private clouds offering a higher degree of control and security
- 5.2.4. Vertical: Growing adoption of cloud-based data management services in BFSI and government entities to prioritize security and compliance
5.3. Market Trend Analysis
- 5.3.1. Strong presence of established tech companies in Americas and burgeoning expansion of cloud computing services
- 5.3.2. Extensive presence of SMEs adopting cloud technologies and expansion of global and regional players across APAC
- 5.3.3. Robust regulatory frameworks reinforcing the adoption of regulation-compliant cloud solutions and the exploration of several partnerships to expand product offerings in the EMEA region.
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis

6. Cloud-Based Data Management Services Market, by Service Type

6.1. Introduction
6.2. Data Security & Back-up Services
6.3. Integration Services
6.4. Quality-as-a-Service

7. Cloud-Based Data Management Services Market, by Service Model

7.1. Introduction
7.2. Infrastructure-as-a-Service
7.3. Platform-as-a-Service
7.4. Software-as-a-Service

8. Cloud-Based Data Management Services Market, by Deployment Mode

8.1. Introduction
8.2. Private Cloud
8.3. Public Cloud

9. Cloud-Based Data Management Services Market, by Vertical

9.1. Introduction
9.2. BFSI
9.3. Education
9.4. Energy & Utilities
9.5. Government & Public Sector
9.6. Healthcare & Life Sciences
9.7. IT & Telecom
9.8. Manufacturing
9.9. Media & Entertainment

10. Americas Cloud-Based Data Management Services Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Cloud-Based Data Management Services Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Cloud-Based Data Management Services Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. TRG Screen Announces Acquisition of Xpansion for Reference Data Usage Management
- 13.3.2. Dassault Aviation and Dassault Systemes Extend Collaboration to Aircraft Maintenance, Repair and Overhaul in the Cloud
- 13.3.3. Qlik launches new cloud-based data integration platform
- 13.3.4. MongoDB Launches Advanced Data Management Capabilities to Run Applications Anywhere
- 13.3.5. Microsoft and Oracle expand partnership to deliver Oracle Database Services on Oracle Cloud Infrastructure in Microsoft Azure
- 13.3.6. Cohesity partners with Cisco and HPE to expand cloud services
- 13.3.7. Informatica Announces Intent to Acquire Privitar to Bolster Cloud Data Access Management and Governance Capabilities
- 13.3.8. Capgemini and Google Cloud Expand Long-Standing Partnership to Create First-Of-Its-Kind Generative AI Center of Excellence to Accelerate Client Value
- 13.3.9. AWS to Invest INR 1.05 Trillion to Boost Cloud Infrastructure in India
- 13.3.10. IBM to Help Automate Cloud Data Protection with Acquisition of Polar Security
- 13.3.11. DXC Technology Announces New Solution to Optimize Hybrid Cloud
- 13.3.12. Fujitsu Launches new Cloud-based Platform for Healthcare Sector in Japan, Promoting Personalized Healthcare and Drug Development

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio